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Current account surplus falls to 1.4 bln in July
EconomyMacroeconomyand 95 million respectively and the services surplus was 139 million lower. The goods deficit more... lower net travel and other services receipts, while net transport receipts soared 45.1 percent... 10.21 billion last year. The BoG said that the improved balance largely reflects lower oil prices
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NBG turns profitable in Q3, NPE stock drops further by 1 billion
EconomyBankingreflecting lower insurance income. Net interest income (NII) improved by almost 1 percent QoQ to 485 million, mostly reflecting lower Eurosystem and wholesale funding cost that more than offset reduced loan... million on the back of lower pillar II costs, while insurance income almost halved QoQ to 12
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Budget primary surplus to Nov reaches 7.4 bln on continued strong revenue performance
EconomyMacroeconomy. This reflects a revenue outperformance (by 1.28 billion), significantly lower Public Investment..., 146 million lower than target. For the 11-month period, primary expenditure edged up 1.5 percent... in the 11-month period, remaining 1.32 billion lower than target. In a separate table, the MoF
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Newsletter 105 - 03/02/2017
. Meanwhile, lower volumes of new business led goods producers to work through their backlogs of work.... In addition, weaker demand, lower production and challenging weather conditions resulted in lower purchasing... to 5.06 percent, while that for lower amounts fell by 14 bps to 5.28 percent. The housing loan rate
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Travel receipts rise 4.7 pct in Dec, 2016 figure down 6.4 pct despite increased arrivals
EconomyMacroeconomydecreased by 18.2 percent, while lower drops were recorded in receipts from Russia (-4.8 percent.... Therefore, the resulting travel surplus dropped by 7.3 percent to 11.21 billion. Lower receipts fully... respectively, while those from Germany and the UK recorded a lower decline of 4.1 and 2.9 percent
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PMI rebounds to 47.7 in Feb but shows deterioration for sixth straight month
EconomyMacroeconomydeterioration reflects a further drop in new business and output, while lower production also led to lower staffing levels. Specifically, new business fell for the sixth consecutive month, while foreign... that recorded in the previous month. Lower client demand resulted in reduced output, continuing the trend
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Multiple potential benefits await Greece if it can clinch QE eligibility
EconomyFeatureseven lower, the BoG stressed. However, the central bank noted that if the inclusion of GGBs in QE is delayed significantly, the impact on bond yields would be lower than initially estimated and would... banks Lower GGB yields will have a direct positive impact on banks’ capital due to the revaluation
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Budget primary surplus of 2.1 bln in 2-month on large underspend in Feb
EconomyMacroeconomy, 25.6 percent lower than the respective figure of 2.85 billion in the corresponding period last year... expenditure was just 58 million lower than target. We understand that the government deferred or postponed... million lower than target. As expected, interest payments climbed to 1.52 billion in February, from
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Newsletter 115 - 21/04/2017
to 2.7 percent, while its medium-term estimate stands at 1 percent for 2022, lower than its previous... to 2 percent (from 1.6 percent). However, the Fund estimates a lower primary surplus of 1.5 percent... a surplus of 1.07 billion euros in Q1, 42.7 percent lower than 1.86 billion figure a year ago
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Eurosystem funding down by 535 mln in April, ELA falls for second straight month
EconomyMacroeconomy) related to lower ELA funding. Overall, Greek banks’ Eurosystem funding has been reduced by 67.43.... Almost two thirds of that marked drop (44.67 billion) relates to lower reliance on ELA funding. The notably lower dependence on central bank funding during the last 22 months is attributed
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